Firelight has introduced $31 million in coverage for Kraken's Protected Strategies USDC vault, providing depositors with insurance against specific technical failures like smart contract exploits and oracle errors. Coverage is capped at $100,000 per depositor per period and payouts are managed by Sentora, not Kraken, relying on a pool funded by staked FXRP tokens and a protocol-owned buffer. This new protection layer launched shortly after Firelight's debut on the Flare Network and aims to enhance safety for DeFi yield investors, though larger holders and unlisted risks remain partly exposed.
Firelight's new $31 million coverage for Kraken's USDC vault provides a fresh layer of security for DeFi investors. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Oct 15, 2026 21:16 WIB: out of 50 priced assets, 6 rose and 43 fell. Notable movers include FIL at Rp18.369 with a 1-day change of -6.83% and a Pluang order activity of 61% Sell / 39% Buy, ALGO at Rp1.975 down 6.13% with 25% Sell / 75% Buy, and COMP at Rp386.709 down 5.77% with 34% Sell / 66% Buy.
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